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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (106472)	4/29/2021 9:50:09 AM
From: Goose94	Read Replies (1) \| Respond to of 203329

Magnet Forensics (MAGT-T) soars on market debut Magnet Forensics is the first technology company based in Waterloo, Ont., to go public in 15 years. Magnet shares soared $7.90 to close on the TSX at $22.90. Magnet is stacked with former BlackBerry executives. The debut closing price gives the company a market value of $969-million. The company originally set out earlier this month to raise $90-million at a range of $14 to $16 a share, but bumped up the price and deal size on Tuesday to $100-million after receiving more than $1-billion in prospective orders from investors. Magnet's underwriters, led by BMO Nesbitt Burns and Canaccord Genuity, and including CIBC World Markets, National Bank Financial, RBC Dominion Securities and Scotia Capital, have the right to buy an additional $15-million worth of stock at the issue price in the month after the deal closes. Founded in 2009, Magnet sells software to law-enforcement agencies and companies that are at risk of cybercrime. Its software has also been used for investigations into human trafficking and child sexual exploitation. The company was founded by Jad Saliba.